SySDSoft IP Solutions Company Acquired By Intel

Cairo has seen their fair share of struggles in recent months, and with a
regime stepping down, they'll be plenty of growing pains in the months
and years ahead. But that doesn't mean that innovation is halting. This
week, Intel announced that they would actually be buying up a
Cairo-based software company, called SySDSoft. It's currently a
privately held company, with around 100 of the company’s electrical
engineers and computer scientists coming to work for Intel. As for what
the company does? SySDSoft designs state-of-the-art IP solutions in the
software stack and
physical layer domain, and RF/analog circuits embedded in mobile
platforms, and that's obviously quite beneficial to Intel.

SySDSoft’s solutions enhance Intel Mobile Communications’ existing
multi-communications portfolio, specifically accelerating its 4G LTE
efforts with the addition of leading software development and design
capabilities. Intel Mobile Communications is an integral part of Intel’s
strategy to accelerate always-connected computing platforms founded on
energy-efficient performance, Internet connectivity and security, and
spanning a variety of device and market segments, including laptops,
cars, smart phones, tablets and TVs. Unlike many of these buys, it's
pretty clear how Intel intends to use this new material. No mention is
made of just how expensive the company was to buy, but we're sure Intel
will get every penny of it back, and then some.

Intel Acquires Egypt-based SySDSoft

CAIRO and SANTA CLARA, Calif., March 14, 2011 – Intel Corporation, through its standalone business entity Intel Mobile Communications, today announced that it has acquired most of the assets of SySDSoft, a privately held software company based in Cairo and hired approximately 100 of the company’s electrical engineers and computer scientists. SySDSoft designs state-of-the-art IP solutions in the software stack and physical layer domain, and RF/analog circuits embedded in mobile platforms.

“The acquisition of engineering and design talent from an Egypt-based company in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East,” said Arvind Sodhani, president, Intel Capital and executive vice president, Intel. “The acquisition shows Intel’s continued long-term strategic commitment to the region and its appreciation of its young, growing talent pool.”

SySDSoft’s solutions enhance Intel Mobile Communications’ existing multi-communications portfolio, specifically accelerating its 4G LTE efforts with the addition of leading software development and design capabilities. Intel Mobile Communications is an integral part of Intel’s strategy to accelerate always-connected computing platforms founded on energy-efficient performance, Internet connectivity and security, and spanning a variety of device and market segments, including laptops, cars, smart phones, tablets and TVs.

“As we enter an era of multi-communication broadband solutions, Intel’s products and technologies will be important to our vision of billions of connected devices,” said Dr. Hermann Eul, president of Intel Mobile Communications. “Intel is making the necessary investments to further enhance its existing world-class wireless product portfolio and to offer the most reliable platforms to our customers that will work seamlessly across a range of global networks. The acquisition supports this strategy and we believe that SySDSoft’s proven and experienced engineering team, combined with Intel Mobile Communications’ existing wireless strength, positions us well for continued growth in LTE.”

About IntelIntel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.